Teledyne Chairman Mehrabian will step back into CEO’s office
Teledyne Technologies Chairman Robert Mehrabian, who spent two decades as the company’s CEO, will step back into that post when Teledyne’s current CEO, Al Pichelli, retires on Oct. 15. Mehrabian is Pichelli’s predecessor as well as his successor — Pichelli took over as CEO on Jan. 1, 2019 when Mehrabian stepped down. Mehrabian was president Read More →
Arcutis starts new Phase 3 trial
Arcutis Biotherapeutics announced Aug. 25 that it has enrolled the first patient in a Phase 3 clinical trial to evaluate ARQ-154, its topical foam, as a treatment for scalp and body psoriasis. The foam is a once-daily formulation of roflumilast, a phosphodiesterase type 4 inhibitor that the company is developing to treat two skin conditions: Read More →
Region’s unemployment rate ticks down, state’s stays flat
The tri-county region’s combined unemployment rate inched down from 6.2% in June to 6.1% in July, as both the labor force and the number of jobs grew in each county. Ventura County’s unemployment rate in July was 6.4%, the same as the previous month, according to data released Aug. 20 by the California Employment Development Read More →
Dignity, Anthem settle health coverage dispute
Dignity Health and Anthem Blue Cross have reached a new multi-year contract agreement that allows Anthem-insured customers to maintain in-network access to Dignity Health providers and facilities. On Aug. 16, the two organizations announced the agreement, which returns Dignity Health providers in the Tri-Counties to Anthem health plans, with no gap in coverage. The contract Read More →
Revenue and losses both growing at MannKind
MannKind saw a significant rise in revenue thanks to its product Afrezza, but its net loss in the second quarter of fiscal year 2021 also rose significantly as the company tried to pay down its debt. The Westlake Village biotech company released its earnings after the markets closed on Aug. 11. It opened the next Read More →
Rent-a-robot: inVia finds its niche with robotics-as-a-service model
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